DrStool Posted August 24, 2020 Report Share Posted August 24, 2020 Is it a breakout or a blowoff top? The 5 day cycle projection is 3435. Hey, they can count. Link to comment Share on other sites More sharing options...
DrStool Posted August 24, 2020 Author Report Share Posted August 24, 2020 It's 6 AM in NY and early rising traders are getting to their screens and seeing this. The hourly indicators say that they'll be sellers. My guess is that they'll pull it back to 3410 or even 3395 or so by the time NY opens. Link to comment Share on other sites More sharing options...
DrStool Posted August 24, 2020 Author Report Share Posted August 24, 2020 And they're on the buy side, aiming for resistance at 3425, or even that 5 day cycle projection. My version of MACD is at a level that typically leads to a pullback while True Strength Indicator has broken out. Link to comment Share on other sites More sharing options...
DrStool Posted August 24, 2020 Author Report Share Posted August 24, 2020 Correction. 3435 is the 2-3 day cycle projection. The 5 day is 3450. Link to comment Share on other sites More sharing options...
DrStool Posted August 24, 2020 Author Report Share Posted August 24, 2020 S&P should be at 5000 by Wednesday. Dow will be 50,000. TSLA will be a million dollars a share. Link to comment Share on other sites More sharing options...
DrStool Posted August 24, 2020 Author Report Share Posted August 24, 2020 The market value of AAPL will be infinity. Link to comment Share on other sites More sharing options...
SiP Posted August 24, 2020 Report Share Posted August 24, 2020 At night they closed my shorts at 3403 on ES (10 points loss on ES) Non stop pump. Link to comment Share on other sites More sharing options...
DrStool Posted August 24, 2020 Author Report Share Posted August 24, 2020 3 day uptrend busted. Link to comment Share on other sites More sharing options...
DrStool Posted August 24, 2020 Author Report Share Posted August 24, 2020 Should be a low here. Link to comment Share on other sites More sharing options...
BurntOnce Posted August 24, 2020 Report Share Posted August 24, 2020 over here in the outer perimeters of screw jersey, more people have died from cancer than covid-19. nothing to see, move on. Link to comment Share on other sites More sharing options...
DrStool Posted August 24, 2020 Author Report Share Posted August 24, 2020 10:30 turn time. Link to comment Share on other sites More sharing options...
DrStool Posted August 24, 2020 Author Report Share Posted August 24, 2020 15 minutes ago, BurntOnce said: over here in the outer perimeters of screw jersey, more people have died from cancer than covid-19. nothing to see, move on. Cancer is trend. COVID is extra death above trend. 16,000 Jerseyites dead of COVID since March. 1,807 per million population is the highest in the US. To the grandchildren and children of the dead, that's goddamn sad. Link to comment Share on other sites More sharing options...
DrStool Posted August 24, 2020 Author Report Share Posted August 24, 2020 Telling all Americans overseas in March to return home immediately, and all through 5 airports, was a death sentence for thousands. Look where the death clusters were in April and May. Near those 5 airports. Mega super spreader events. Atrocious planning. Link to comment Share on other sites More sharing options...
potatohead Posted August 24, 2020 Report Share Posted August 24, 2020 It seems Macro investing is all the rage now. Countless Fintwitt and youtube stars parading dollar melt up, Fed balance sheet expansion does not create inflation (only commerical bank lending), Primary dealers are only reimbursed with reserves not cash when the Fed buys US treasuries from them (therefore not inflationary) , try to call out these people and the lower the dollar goes the more they become emboldened that the dollar is a rubber band being pulled back and waiting to rip higher. Link to comment Share on other sites More sharing options...
DrStool Posted August 24, 2020 Author Report Share Posted August 24, 2020 They're doing better at keeping people alive now but many suffer long term consequences. We won't know the full extent of the long term consequences of this virus for survivors for a couple of years. Link to comment Share on other sites More sharing options...
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